Every Mutual Fund has an NAV. NAVs are updated at 9 PM every day by AMC. Any redemption order placed by you, will be processed by the AMC at the NAV applicable when the order reaches the AMC.
For example, if you place a redeemed order on 15th May, you will see your dashboard value of NAV on 14th May.
If NAV on 15th May > NAV on 14th May: You will receive more money than the order amount
If NAV on 15th May < NAV on 14th May: You will receive less money than the order amount
NAV of any particular day depends on the value of underlying stocks or securities. You will receive an amount according to the latest NAV upon withdrawal / redemption.